The needs for IT experts in the EU by 2023 are 2 million IT experts annually. The IT sector in the FBiH, with a half of resources (business asset by an employee amounts 49% of the economy average), makes almost six times higher profit (560%) than the economy average. This sector is among rare ones in BiH whose products and services are at the level of the most developed countries. Artificial intelligence contributes to economic growth through increasing work productivity, spreading innovations, supporting creation of new products and services, increasing demand by clients and new revenue sources.

The measure related to development of artificial intelligence (AI) envisages establishing an AI Institute and purchase of a platform for AI. According to the McKinsey Institute, approximately 70% of companies at the global level will use at least one technology of artificial intelligence by 2030, and slightly below 50% will have more technologies of artificial intelligence. According to the estimations of the WEF (the World Economic Forum), robots will cause 85 million job cuts at the global level in the next 5 years (to which the pandemic will significantly contribute as well). In the long-term, there is no growth of competitiveness without growth of productivity, and there is no growth of productivity without technological development and innovation. Therefore, strong support to research, development and innovation in the private and public sectors is required.

It is extremely important to provide enterprises with access to infrastructure for research and development, and through strategic partnership with research and development institutions to develop new products and technologies, but also to jointly participate in EU projects.

Within these measures it is envisaged to establish a fund for technologies, research and development as well as scientific and technological parks at the cantonal level. The Executive Team conducted discussions with a number of businesses and they are ready to mach investments from public budgets as initial capital for operation of this fund. Within scientific and technological parks research and innovations will be carried out with concrete application in the production process. These parks would be specialized and established according to the principle of interests and comparative advantages of the cantons. Each scientific and technological park would be at service for the entire FBiH.

Related measures:

- Develop artificial intelligence and its application,

- Conduct digital transformation of the public administration,

- Support research and development,

- Support linking the economy and scientific and research institutions.